Aequitas launches fintech solution

First Published 17th May 2016

Aequitas Technology Services, the innovation hub
of Aequitas Innovations, has announced
that Invesco Canada has signed up for its fund technology
platform, Aequitas PTF Connect. Having completed live testing
with all participating service providers, Invesco's full range of
Platform Traded Funds are now available for trading.

PTFs offer all Canadian investors lower cost
actively-managed mutual funds, with savings of up to 35% and no
minimum investment requirements. PTFs remove the need to identify
eligible investors and avoid the administration of on-going
switch transactions and management fee rebates.

Aequitas PTF Connect is an industry shared service available to
mutual fund companies and dealers in Canada, enabling mutual
funds to trade and settle like exchange traded funds (ETF).
Investment advisors simply enter the unique ticker symbol and
number of units they wish to order through their existing
infrastructure. In addition to Invesco, Aequitas Connect
continues to onboard fund companies and dealers, including a
number of carrying brokers.

"With this announcement we celebrate another
important milestone in our efforts to meet the needs of Canada's
capital markets. PTFs™ are a real game changer for the
Canadian mutual fund industry, providing an agile solution to
adapt to industry trends," stated Karl Ottywill, Chief Operating
Officer, Aequitas Technology Services Inc. "With our innovative
technology in place, Aequitas Connect is extremely proud to work
with fund companies and dealers leading the way in making
actively-managed mutual funds available to all investment
advisors and their clients in a low cost, highly efficient
manner."

"We are thrilled to see Aequitas Connect
responding to the needs of all Canadian investors while
addressing a number of industry challenges." says Peter
Intraligi, President, Invesco Canada. "We congratulate them on
this very important achievement and we are excited to be live on
their platform."

Transacting on Aequitas PTF Connect is free to
dealers and is available to both discretionary and
non-discretionary investment advisors. Participating fund
companies receive a detailed playbook to implement and support
PTFs™.